Blankinship & Foster LLC cut its holdings in shares of Sunoco Logistics Partners LP (NYSE:ETP) by 31.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,806 shares of the pipeline company’s stock after selling 6,374 shares during the quarter. Sunoco Logistics Partners makes up 0.2% of Blankinship & Foster LLC’s portfolio, making the stock its 27th largest position. Blankinship & Foster LLC’s holdings in Sunoco Logistics Partners were worth $253,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Whitnell & Co. grew its stake in Sunoco Logistics Partners by 2.6% in the 2nd quarter. Whitnell & Co. now owns 9,000 shares of the pipeline company’s stock valued at $184,000 after buying an additional 231 shares during the last quarter. Duncker Streett & Co. Inc. grew its stake in Sunoco Logistics Partners by 17.9% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 5,175 shares of the pipeline company’s stock valued at $106,000 after buying an additional 785 shares during the last quarter. Colonial Trust Advisors grew its stake in Sunoco Logistics Partners by 11.2% in the 2nd quarter. Colonial Trust Advisors now owns 10,763 shares of the pipeline company’s stock valued at $219,000 after buying an additional 1,088 shares during the last quarter. HL Financial Services LLC grew its stake in Sunoco Logistics Partners by 32.5% in the 2nd quarter. HL Financial Services LLC now owns 9,866 shares of the pipeline company’s stock valued at $201,000 after buying an additional 2,419 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in Sunoco Logistics Partners by 50.0% in the 2nd quarter. Toronto Dominion Bank now owns 8,250 shares of the pipeline company’s stock valued at $168,000 after buying an additional 2,750 shares during the last quarter. 56.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. BidaskClub lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. BMO Capital Markets set a $26.00 price target on shares of Sunoco Logistics Partners and gave the company a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research lowered shares of Sunoco Logistics Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Robert W. Baird set a $28.00 target price on shares of Sunoco Logistics Partners and gave the stock a “buy” rating in a research report on Saturday, November 18th. Finally, Citigroup Inc. decreased their target price on shares of Sunoco Logistics Partners from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $26.46.

Shares of Sunoco Logistics Partners LP (NYSE ETP) traded up $0.10 during trading hours on Friday, reaching $16.41. 1,238,299 shares of the company traded hands, compared to its average volume of 5,288,881. The company has a market cap of $18,846.11, a P/E ratio of 24.34 and a beta of 1.01. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.61 and a current ratio of 0.84. Sunoco Logistics Partners LP has a fifty-two week low of $15.97 and a fifty-two week high of $26.73.

Sunoco Logistics Partners (NYSE:ETP) last announced its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.11. Sunoco Logistics Partners had a net margin of 4.97% and a return on equity of 5.88%. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the company posted ($0.49) EPS. The company’s revenue was up 26.1% on a year-over-year basis. equities analysts predict that Sunoco Logistics Partners LP will post 0.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a $0.565 dividend. This is a boost from Sunoco Logistics Partners’s previous quarterly dividend of $0.55. This represents a $2.26 annualized dividend and a yield of 13.78%. The ex-dividend date of this dividend was Monday, November 6th. Sunoco Logistics Partners’s dividend payout ratio is 337.31%.

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About Sunoco Logistics Partners

Energy Transfer Partners, L.P., formerly Sunoco Logistics Partners L.P., owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products.

Institutional Ownership by Quarter for Sunoco Logistics Partners (NYSE:ETP)

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